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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Warehouses
1946 Kellogg Ave Carlsbad, CA 92008-6581
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-9788620
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
9,987 SF
Lot
0.79 ac (34,412 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-092-28-00
UPID
US09-9788620
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Global Search Employment Agency
-
Watersedge Landscape Landscaping General Contractor
-
Liquid Gypsum Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$4.44M
Blend (final)
Blend
$3.42M
Owner & transaction history
Phoenix Renewable Services INC · 3 yrs held
Phoenix Renewable Services INC
since 2022
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.6M
+98.0%
Medical building
$4.7M
+67.5%
Office building
$4.3M
+51.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carlsbad submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlsbad submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,445,000
ML approach
$3,495,000
CAP Approach
CAP Return
Estimation
6%
$2,505,000
6.5%
$2,315,000
7%
$2,150,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,830,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,605,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$4,740,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$4,280,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$3.42M
Range $3.08M – $3.76M · ±10% · vs last sale $3.37M (Sep 21 2022)
Last sale anchor
$3.37M
Sep 21 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$342 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$36,618
Tax year 2024
Assessed value
$3,436,575
Assessed 2024
Previous assessed
$3,436,575
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,326,000
Assessed improvement
$2,110,575
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
NONE
Units
1
Total area
9,987 SF
Lot
0.79 ac (34,412 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-092-28-00
UPID
US09-9788620
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carlsbad. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.3M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Phoenix Renewable Services INC
Entity
Mailing address
1946 KELLOGG AVE, CARLSBAD, CA 92008-6581
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
Phoenix Renewable Services INC
Yarp Holdings LLC
Lease
$1,394,000 · The Mortgage Capital Development Corp
Sep 21, 2022
$3,369,500
Yarp Holdings LLC
Roll & Chaiken Enterprises LLC
Grant Deed
$1,693,500 · Comerica Bank
Apr 29, 2014
$1,325,000
Roll & Chaiken Ents LLC
1946 Kellogg LLC
Grant Deed
—
Nov 5, 2007
—
1946 Kellogg LLC
Tomkinson Family Trust
Quit Claim Deed
related
—
Jun 5, 2000
$950,000
Robert H Tomkinson
Zemer,jack D & Sandy L
Grant Deed
$485,000 · Union Bank Of California
Dec 27, 1999
$650,000
Jack D Zemer
Goldberg,martin
Grant Deed
$520,000 · Wells Fargo Bank
Jan 31, 1997
$690,000
Surya P Patangay
Homes For Industry Carlsbad Ll
Grant Deed
$483,000 · Wells Fargo Bank
—
—
Robert H Tomkinson
—
Deed Of Trust
related
$400,000 · Cdc Small Business Finance Co
—
—
1946 Kellogg LLC
—
Deed Of Trust
related
$400,000 · Union Bank Of California
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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